- Extend tax credits for research and development, professional motorsports teams and aviation fuel for the teams and passenger air carriers until 2016. Other tax credits would expire as scheduled over time. The film production tax credit, for example, would expire in 2015.

- Repeal estate tax.REVENUE:

The plan is projected to result in $86.6 million less in state revenues during the 2013-14 fiscal year and $437.8 million less in 2014-15 compared to revenue levels if no tax changes were made. The amount extends to more than $600 million annually through mid-2018. Local governments combined would receive $14.6 million in additional revenue in 2013-14 and $36.2 million in 2014-15.

WHAT'S NOT CHANGED:

- Social Security income won't be taxed differently.

- Other services transactions, such as lawn services, automobile repairs, alterations and many business transactions will continue to be exempt from the sales tax.